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? >> all right. have we not been lulled into -- you know, anything bernanke does now doesn't shock us or surprise us. isn't this extraordinary? >> you know, a few years ago, there were all kinds of things that i would v never happened. now if people ask me if such and such is possible, i say anything is possible. >> one of the things that i did think immediately yesterday was ben bernanke may not have this job in two years, right? people talk about that. he may decide he doesn't want to do it. >> he was asked about it. >> but he may ultimately be locked in. he may be locking in his successor and his successor after that into this type of thinking and this type of program. how hard is it to get out of this later? >> it is going to be extremely hard to get out of this, regardless of who the leader is, because, again, it is now -- you know, this is no longer an extraordinary measure. you did this during the emergency and then it's time to get out. now we're -- you know, we're in a bit of a quasi equilibrium here and this is how we're running monetary policy now. so to now being doing a r
:00 p.m., first responders benefited on long beach island. make sure you join us on monday. "squawk on the street" is next. >>> good friday morning. welcome to "squawk on the street." live at the nyse. a blowout session in shanghai overnight. best single day gain in more than three years on a pretty decent pmi. europe has also been a blend of red and green as the ft names ecb chief the person of the year. we're going to kick off with breaking news. for that would, we go to david faber. >> news on best buy, in the news yesterday. the stock up sharply. what we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. giving schultz the opportunity to look at not just christmas sales, but the end of their fiscal year, which will end at best buy
. people's lives and jobs and retirement funds. >> thank you for being with us this morning. dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing da
to facebook, like us and ask your question. >> talk of the day, sirius, the company announcing a $2 billion share buy back. and it's a $2 stock, but everybody knows it. mel's gone, howard's still there. >> all right, that does it for us today, again join me on facebook after the show for office hours. right now it's time for "squawk on the street." >>> good thursday morning, welcome to "squawk on the street," i'm melissa lee live from the new york stock exchange. negative across the board, looks like we're going to lose about 8.5% on the dow. we're watching for headlines out of an ecd press report. our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. the stock continues lower premarket as investors watch the death cross watch. >> a cnbc exclusive, tim geithner says over the cliff is a must. >> bank of england and ecb keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >>
and tweet them to us at fox friends first and e-mail us. it is fun to see the old pictures. that was clearly an '80's shot . the perms we all wore, too. >> we thought we looked fine. >> have a great day, folks. "fox and friends" starts right now. ♪ >> gretchen: you think they could can have come up with a better way for the perms to smell though, ladies, they stuck. good morning, it is thursday december sixth 2012. i am gretchen carlson. hold the phone. president and speaker hold a fiscal cliff call. there is a problem, the white house doesn't want to budge. >> we face no agreement that doesn't involve the rates going up on the top two percent. >> gretchen: so is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but
are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not liste
and be willing to negotiate on spending. >> i see the future. the president lets us go over and then proposes a tax cut for the lower 98%. >> could you vote against it? >> he could do that for the two -- the two top rates is $400 billion. but he's got to do something on spending to address the problem. >> thank you, senator, for your time. right now it's time for "squawk on the street." >>> good monday morning. welcome to "squawk on the street." we're here at the new york stock exchange. let's get a check on how we're setting up for the first trading session of the week. we certainly have a lot to chew on over the weekend with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's on
on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning's papers, you see a number of articles suggesting that there's a bit more compromise in the air. my concern is that tomorrow's papers may say the opposite. so interestingly, there's been some pretty leak free discussions going on, which i actually think is a good thing. they're obviously big, outstanding questions. you mentioned the tax rate issue. one question i keep coming up against is the president and john boehner are now supposedly having good, substantive discussions. can boehner bring the troops along? if he agrees with the president, ca
with us. >> thank you for having me. >> that does it for us today. join us tomorrow. right now it's time for "squawk on the street." >> good tuesday morning. i'm carl with melissa lee, david faber, live from the new york stock exchange. jim cramer is on assignment today. well, are we getting close to a fiscal cliff deal or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperf
again. >> we got to thank these guys. join us tomorrow. squawk on the street is next. >>> take a look at how we are setting up on this thursday session, the day after the federal reserve decision. a lot of economic data out this morning, jobless claims coming in better than expected. core ppi in line with consensus. retail sales light. as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, d
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
. we have two guest hosts with us. welcome to both of you you. we have a lot of things to talk about. the white house says that a republican counteroffer does not meet the test of balance. the latest republican offer would overhaul the tax code and raise $800 billion in new revenue, it would also seek $600 billion in health savings and $200 billion for revising the cost of living increases for social security. the net savings would add up to $2.2 trillion over ten years. now, again, this is the republican counterproposal to the plan that the white house has already put out. speaker john boehner has said that this is something that is much closer to the bowles-simpson proposal. erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that it's now up to negotiators to figure out where the middle ground is today. >> bowles said that the mid point that i used back in -- this is where we were last year. so used the mid point of the negotiations, but it's in longer the mid point i guess. >> he also said -- he is a t
, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that re
us up to date, please. we have run a little bit over, turn on. i think it was for a worthy cause. dagen: thank you for making me tear up again, charles. the house speaker is set to update us on these talks in about an hour. connell: we could see a new round of money pumping. the impact as the two-day meeting starts. dagen: michigan's capital under siege. protests over right to work. connell: should we call it an apple tax? on average, families are spending thousands of dollars a year on apple products. dagen: it is not a tax, it is a choice. top of the hour, stocks now and every 15 minutes. nicole: all right, dagen and connell, take a look at the markets. the dow jones industrials up triple digits. the dollar has been lower. they have talked about the gains that we have been seeing over in europe. the euro top 50. that is very interesting, as well. this is the environment. it bodes very well. another winning day here on wall street. drug stocks, bank stocks doing well. the vix, the fear index, is to the downside. let's take a look at urban outfitters. taking a look at their quart
. make sure to join us tomorrow. that's it for us. "squawk on the street" is next. >>> all right. with that, good morning. welcome to "squawk on the street." live at the nyse. we'll continue to monitor what jamie dimon does at the deal mark conference. we await the federal reserve statement, and news conference in just a few hours. as for europe, some green arrows, despite a miss in the eurozone in production this morning. >> the road map starts this morning with, of course, the fed. expectations for revamped bond buying program. what will the economic forecast say about next year and what to make of the "wall street journal" story that says academics are driving monetary policy at secret dinners in switzer land. >> more counteroffers in the debt negotiations. it looks like corporate taxes are part of the deductions. >> costco beats by 2 cents, better sales and better sales and membership fees. >> some more reports about apple tv today. the journal said it's designing a high -- new high-resolution set. microsoft trying to widen the list of retailers that will carry the surface ta
. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stak
at the school on friday and that the main weapon that he used to carry out this massacre was a bushmaster assault type weapon with multiple high capacity magazines. he fired off many bullets. he had hundreds still on him that he hadn't yet fired off at the time he pulled out one of pistols thead and killed himself >> heather: president set to attend a memorial service in newtown shortly after his arrival before addressing the nation in what will be the fourth speech that he has had to make from the site of a mass shooting during his first term as president. now, we're going to go to chief white house correspondent, ed henry with the latest from there. >> reporter: you are right. you heard the police officials talking about the intent, security presence here in newtown. relatively small town that has had a horrible few days here, obviously the president trying to help heal the wounds a bit, perhaps tonight at a prayer vigil. he left andrews air force base and be arriving behind me at the high school soon. bottom line he will be doing a series of things. one thing as he will be meeting priv
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
sweet. >> reporter: in an interview with abc news, the shooter's ex-girlfriend told us she has no idea what triggered the sudden and brutal attack. >> that's what is so mind boggling, because it is -- that was not the person i knew. and the person i knew would never, ever have done anything like this. >> reporter: but there was something strange in recent weeks. he says he seemed numb when she saw him last week, but she didn't think much of it. and she says he suddenly quit his job at a greek deli and sold all of his belongings, telling her he was leaving portland and moving to hawaii this past weekend. >> he had his plane ticket. he was ready to go. and then this happened, and it just makes me think why it was even in the back of his mind or if he just had another plan to leave. >> reporter: instead of hawaii, police say he went to the mall dressed to kill. police say roberts made a beeline from his volkswagen jetta in the parking lot through the macy's store carrying a rifle, wearing a ballistics vest, and a hockey style facemask. he entered on the upper level, when he got to the foo
Search Results 0 to 18 of about 19